Revenue from Egypt’s Suez Canal has nearly halved this year after Houthi attacks on shipping in the Red Sea forced many ships to divert around the Cape of Good Hope. According to Egypt’s Al-Mal News, data released this week last month showed that the Suez Canal’s revenue fell 64.3% to around $337.8 million, compared to
Labor negotiations at ports on the U.S. East Coast and Gulf Coast are a potential new risk for retailers, manufacturers and shippers already grappling with longer shipping times and higher costs. The International Longshoremen’s Association (ILA) contract, which covers 45,000 stevedores at 30 ports from Maine to Texas, expires Sept. 30. If a new deal
(HQ Online) – The United States is one of Vietnam’s leading iron and steel export markets and has achieved impressive growth rates. According to preliminary statistics from the General Department of Customs, in the first half of February (February 1-15), the country exported 377,858 tons of iron and steel of all kinds, with a turnover
Yang Ming Shipping Company’s container ship had an explosion at Ningbo port, China, the initial cause was determined to be an explosion of a container containing dangerous goods. One of Yang Ming Marine Transport’s ships suffered an explosion on Friday, August 9 at around 1:40 p.m. local time while docked at Ningbo, China. Video footage
Shanghai container shipping futures suggest that Asia-Europe shipping rates could fall by 2025, after appearing to have peaked at present. On August 5, the EC2408 (August contract) index closed at 5,627 points, while the EC2410 (October contract) closed at 3,585 points, down 3% and 9% respectively from July 29. The EC2504 (April 2025 contract) closed
International Container Shipping and Logistics Market Update for Asia, Europe and North America in Week 35/2024. Drewry’s composite global container freight rate index for Week 35/2024 continued to decline by 3% compared to the previous week, to USD 5,181. This freight rate index is 265% higher than the pre-pandemic average of 2019 (USD 1,420). 1.
With the spirit of work hard, play hard, HML’s 2024 Journey Diary continues to Giang Mo Village, Hoa Binh. Putting aside unfinished deadlines and endless troubles, HML spent 2 days and 1 night together with the theme “Discovering the Mountains and Forests – Overcoming Yourself!” full of fun and many memorable memories. Journey to conquer
HML’s Board of Directors understands that health is the foundation and basis for improving morale as well as meeting work performance. This August, HML continues to cooperate with Hanoi Medical University Hospital Clinic as every year to conduct periodic examinations for the entire company to ensure the health of each individual in the company. Hanoi
Four airports affected by super typhoon Yagi have resumed operations since the evening of September 7 and the early morning of September 8. Airlines are also operating flights on September 8 as planned. According to the forecast of the National Center for Hydro-Meteorological Forecasting, by the morning of September 8, Typhoon Yagi will move in
